Industry

Shopify, Netflix, Roku, Peloton, Etsy, and Pinterest book Y/Y revenue gains in 28%-60% range but some are still not profitable. [more]

SSR Mining and Alacer Gold merging; Adriatic Metals to acquire Tethyan Resource; and, Gold X & Gran Colombia trying to merge with Guyana Goldfields thwarting Silvercorp’s plan to merge with Guyana Goldfields [more]

Uber’s stock price increased after reporting a $2.9B loss and withdrawing guidance. Lyft’s stock price was also higher after reporting a $398M loss but more rides. However, California’s attorney general sued both for violating the recently passed state law regarding gig economy workers. [more]

State-of-the-art cultivation and manufacturing facility expands capacity by 66,000 sq. ft to a total of 88,000 sq. ft of indoor and greenhouse space. [more]

Xebec recorded record annual revenue of $49.3 million and re-affirmed 2020 Revenue growth guidance in the 60%-80% range. Well-funded for growth from equity financings in Q3 & Q4/2019 of $35.2 million and a $10M unsecured loan facility announced this week. [more]

All have different opinions as the COVID-19 pandemic has driven different strategies from CEOs of various investment firms including Berkshire Hathaway, Apollo, Pershing Square, and BlackRock, and research firm Rosenberg Research & Associates. [more]

Lorimer Wilson from MunKNEE.com reviews 35 cannabis companies and 29 had stock price increases in April with only 6 companies going down in price. [more]

Last week, technology companies reported financial performances of their cloud businesses, including Amazon, Microsoft, and Google with cloud revenues of $12.3B, $10.2B, and $2.8B, respectively. [more]